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Cannot no singtel or that bad lah
saya depends on singtel mobile broadband to trade leh
ok lah, certain places connection on on off off, but still can trade lah
but sometimes during important times like US drop big big network seem very slow
must be too many people also checking stock price
saya depends on singtel mobile broadband to trade leh
ok lah, certain places connection on on off off, but still can trade lah
but sometimes during important times like US drop big big network seem very slow
must be too many people also checking stock price
Don' t ever enter at this level, there is definitely no upward revision.
MichaelSchenker ( Date: 23-Jan-2019 09:04) Posted:
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Was wondering why did holders tender their shares (previously) at 2.06 whereby they can sell in the market for 2.10/2.11 cash in faster too.
I m not holding any at the moment, but thinking of buying at 2.06, preparing to lose my brokerage at worst.
See what is going to happen after the extended closing date..
I m not holding any at the moment, but thinking of buying at 2.06, preparing to lose my brokerage at worst.
See what is going to happen after the extended closing date..
gopguppy ( Date: 22-Jan-2019 16:25) Posted:
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Singapore telco M1&rsquo s bidders won' t pay more, puts pressure on Axiata
- Corporate News
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Tuesday, 22 Jan 2019 3:33 PM MYT -
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image: https://www.thestar.com.my/~/media/online/2017/12/01/03/59/axiata-building.ashx/?w=620& h=413& crop=1& hash=CF76F2382C11A5C58F44A7BE22F6807D9402A35F
Axiata, which holds a 28.3 percent stake in M1, said in September the offer should reflect the accurate future value of M1.
SINGAPORE: Singapore conglomerate Keppel Corp and Singapore Press Holdings (SPH) said on Tuesday they will not raise their offer price to gain majority control of mobile operator M1 Ltd, a move that could put pressure on Axiata Group, M1&rsquo s single largest shareholder.
Keppel and SPH, which together control 34.3 percent of Singapore&rsquo s smallest mobile operator, said in September they would offer S$2.06 ($1.50) per share for majority ownership of M1 in a bid to support its falling share price and restructure the firm to better compete against sector rivals.
Keppel and SPH, which together control 34.3 percent of Singapore&rsquo s smallest mobile operator, said in September they would offer S$2.06 ($1.50) per share for majority ownership of M1 in a bid to support its falling share price and restructure the firm to better compete against sector rivals.
&ldquo The offeror wishes to announce that it does not intend to increase the offer price of S$2.06 in cash per offer share under any circumstances whatsoever,&rdquo Keppel and SPH said in a regulatory announcement issued by their jointly-owned holding company.
The closing date was extended to Feb. 18 from Feb. 4. M1 has a total market value of S$1.92 billion.
Malaysia&rsquo s Axiata, which holds a 28.3 percent stake in M1, said in September the offer should reflect the accurate future value of M1, inclusive of an acceptable control premium and consistent with market standards.
Axiata said at the time it was working with an adviser and was reviewing its options. Reuters cited a source as saying Axiata viewed the offer price as &rdquo inadequate&rdquo .
In response to a query from Reuters, Axiata said it would not comment on Tuesday&rsquo s statement. &rdquo Axiata will make any necessary announcements as required and in due time,&rdquo it said.
Since the September announcement, M1&rsquo s shares have rallied 26 percent to trade at S$2.05 on Tuesday but are little changed over the past two years and have lost 49 percent from a record high of S$3.99 in early 2015.
Mobile telecoms competition is heating up in Singapore, with Australia&rsquo s TPG Telecom planning to launch a new service after winning a license to become the city-state&rsquo s fourth telecom operator. Analysts consider M1 to be the most vulnerable to new competition.
In July 2017, Axiata, Keppel and SPH had considered, and then called off a strategic review of their M1 shareholding, which sources said was due to a lower-than-expected offer from external parties. - Reuters
The closing date was extended to Feb. 18 from Feb. 4. M1 has a total market value of S$1.92 billion.
Malaysia&rsquo s Axiata, which holds a 28.3 percent stake in M1, said in September the offer should reflect the accurate future value of M1, inclusive of an acceptable control premium and consistent with market standards.
Axiata said at the time it was working with an adviser and was reviewing its options. Reuters cited a source as saying Axiata viewed the offer price as &rdquo inadequate&rdquo .
In response to a query from Reuters, Axiata said it would not comment on Tuesday&rsquo s statement. &rdquo Axiata will make any necessary announcements as required and in due time,&rdquo it said.
Since the September announcement, M1&rsquo s shares have rallied 26 percent to trade at S$2.05 on Tuesday but are little changed over the past two years and have lost 49 percent from a record high of S$3.99 in early 2015.
Mobile telecoms competition is heating up in Singapore, with Australia&rsquo s TPG Telecom planning to launch a new service after winning a license to become the city-state&rsquo s fourth telecom operator. Analysts consider M1 to be the most vulnerable to new competition.
In July 2017, Axiata, Keppel and SPH had considered, and then called off a strategic review of their M1 shareholding, which sources said was due to a lower-than-expected offer from external parties. - Reuters
No point investing in this bare bone with no meat left.........................much better prospects in many other better counters
Keppel, SPH JV firm says no increase in offer price for M1 shares extends offer closing date
TUE, JAN 22, 2019 - 8:27 AM
KEPPEL Corp and Singapore Press Holdings (SPH) joint venture (JV) company, Konnectivity, has announced that there will be no increase in its offer price of S$2.06 per M1 share they do not already own, and extended the closing date of its offer by at least two weeks.
In a regulatory filing on Tuesday morning, the JV company which is majority owned by Keppel, said it does not intend to increase the offer price " under any circumstances whatsoever" .
It added that the closing date for the offer has been extended from 5.30pm on Feb 4 to Feb 18, or a later date that may be announced.
As at market close on Jan 21, the total number of shares owned, controlled or agreed to be acquired by Konnectivity and its concert parties amount to about 318 million shares, representing about 34.4 per cent of the total number of shares in M1.
On Monday, CLSA Singapore noted that the offer Keppel and SPH are making for M1 is " fair and reasonable and not prejudicial to the interests of shareholders as a whole" .
" Accordingly, we advise the recommending directors to recommend that shareholders accept the offer, unless shareholders are able to obtain a price higher than the offer price on the open market, taking into account all brokerage commissions or transactions costs in connection with open market transactions," said the independent financial adviser to the independent directors of M1.
https://www.businesstimes.com.sg/companies-markets/keppel-sph-jv-firm-says-no-increase-in-offer-price-for-m1-shares-extends-offer